Real Estate Market Conditions

Rocklin Housing Market Data for February 2023

Wed, 08 Mar 2023 00:00:00 GMT

Median Housing Market Data

Rocklin housing prices are down 5% from this time last year. This is the time of year when the housing market usually starts to take off.

Looking at the number below the inventory (active listings) and DOM, tell us what is happening. The inventory dropped, but not by much. We do have more inventory than last year in February. This is highlighted in green below.

The DOM usually starts to drop this time of year. In December, houses sat on the market for 63 days. In January, that number dropped slightly to 59 days. In February, it dropped down to 29 days.

In short, the inventory should start to rise, and the DOM start to drop. These numbers will tell us much about where the housing market is heading.

The multiple offers are the other number that plays a role in housing prices. Of the homes pending in January, 31% had more than one offer. In February, 27%.

This is the time to sell your home if you are considering it. This time of year, you will receive the best possible price. If inventory stays low, it will only help home sellers.

I do offer my clients a "Rejuvenation Program" to help with updates when you are ready to sell. This can help home sellers receive higher offers and for their homes to sell quickly. There are restrictions on the program. Please call for details.

December-22
	# Listings	List Price	Sale Price	DOM
Active	84	$734,700	$0	63
Pending	44	$773,500	$0	38
Sold	49	$659,000	$650,000	26
Sold 2021	81	$679,000	$690,000	7
January-23
	# Listings	List Price	Sale Price	DOM
Active	86	$819,995	$0	59
Pending	52	$678,475	$0	41
Sold	41	$675,000	$645,000	31
Sold 2022	68	$681,098	$702,500	7
February-23
	# Listings	List Price	Sale Price	DOM
Active	77	$815,000	$0	29
Pending	74	$744,000	$0	27
Sold	33	$635,000	$639,000	37
Sold 2022	62	$654,000	$669,000	6

I want to put you in the best possible position to get a home at the best price. I have a system to bring you the best price possible on a home without over-biding. Please feel free to call, text, or email me to find out how my system works.

We can put a plan together to save you as much money as possible in these circumstances. It is possible that waiting to buy or sell a home may help you have more fruit later. Your family home is one of your most significant investments. It's my job to ensure that it yields the highest ROI. That means making smart decisions that will produce fruit in the future. Planning is the best way to make this happen.

Rocklin Housing Market Data for January 2023

Thu, 09 Feb 2023 00:00:00 GMT

Rocklin Housing Market Data for January 2023

Median Housing Market Data

Rocklin home prices are down 8% from January last year. November, December, and January are usually the slowest months for home sales.

Looking at the active listings and the DOM. It's normal for the active listings to drop this time of year (highlighted in green on the left). It's normal for this to start ticking upward. This usually starts to tip upward in March. It's normal for the DOM to increase (highlighted in green on right). This number in a normal housing market should start to decrease. This would happen over the next couple of months.

The one big concern is where the housing market is headed. The drop in the total number of home sales (highlighted in blue) raises this concern. There has been a drastic drop in the total number of home sales. Looking back over the last 6 months, there have been 293 homes sold in Rocklin. Last year during the same time, 537 homes sold. I think the housing market this year will be much slower due to the higher interest rates.

With the higher interest rates, homebuyers have to look at less expensive homes to afford the monthly payment. The chart below shows all the homes pending from January 15th in Sacramento County. The sweet spot is from 400k to 500k. Ryan Lundquist, a Sacramento area appraiser, completed this chart.

https://www.facebook.com/SacramentoAppraiser

November-22
	# Listings	List Price	Sale Price	DOM
Active	124	$737,500	$0	44
Pending	55	$679,000	$0	32
Sold	35	$699,950	$675,000	36
Sold 2021	102	$649,500	$657,500	6
December-22
	# Listings	List Price	Sale Price	DOM
Active	84	$734,700	$0	63
Pending	44	$773,500	$0	38
Sold	49	$659,000	$650,000	26
Sold 2021	81	$679,000	$690,000	7
January-23
	# Listings	List Price	Sale Price	DOM
Active	86	$819,995	$0	59
Pending	52	$678,475	$0	41
Sold	41	$675,000	$645,000	31
Sold 2022	68	$681,098	$702,500	7

December 2022 Rocklin Real Estate Market Update

Wed, 28 Dec 2022 00:00:00 GMT

Rocklin Housing Market Data for November 2022

Median Housing Market Data

Rocklin home prices are up 3%. This is comparing November home sales this year to November last year. However, when comparing the average home sales in Rocklin, housing prices are down 5%. Again, this compares November home sales to November last year.

Home buyers and sellers are busy with the holiday season and not looking to move. Home prices have been steadily falling in Rocklin until November. This time of year, it's normal for the number of listings to fall. And for DOM to increase.

Highlighted in blue below are the number of listings that sold in November. Notice the difference from last year to this year. About half of the total home sales this year. Also, notice the total home sales on November 35. That's not very many homes that closed.

The DOM is showing homes are staying on the market longer.

In this housing market, it's essential to price your home correctly if you are selling. There are not as many homebuyers, first of all. Second, there are more homes on the market (your competition). If you overprice your home, there is a chance that a homebuyer may not even look at your home. In a declining housing market, you should price your home at or below a house that compares to yours (your competition).

If you are considering selling, I have made an import do and don't list for you. This is very helpful when selling a home and can make a difference.

See the Do's and Don't here!

September-22
	# Listings	List Price	Sale Price	DOM
Active	139	$749,900	$0	37
Pending	57	$674,900	$0	19
Sold	45	$659,900	$675,000	24
Sold 2021	92	$635,000	$650,000	8
October-22
	# Listings	List Price	Sale Price	DOM
Active	126	$754,450	$0	39
Pending	42	$717,000	$0	34
Sold	50	$649,450	$642,500	14
Sold 2021	93	$650,000	$655,000	7
November-22
	# Listings	List Price	Sale Price	DOM
Active	124	$737,500	$0	44
Pending	55	$679,000	$0	32
Sold	35	$699,950	$675,000	36
Sold 2021	102	$649,500	$657,500	6

Rocklin Housing Market Data for October 2022

Tue, 08 Nov 2022 00:00:00 GMT

Median Housing Market Data

Housing prices are dropping across the Sacramento area. For the first time in a long time, Rocklin housing prices are down 👇 2%. This time of year, it’s normal for the DOM to increase. It’s also normal for the active listings to start declining.

The housing market will continue to slow down as we inch toward the holidays. Many home sellers will take their homes off the market. Highlighted in blue below are the active listings. The DOM highlighted in red below shows these numbers increasing.

The home sales price continues to drop monthly (highlighted in green). There could be a couple of reasons for this; home buyers are purchasing lesser expensive homes. Or homes are selling for less than the list price. Looking at October, the list price is more than the selling price. This indicates that more homes are selling below the list price. This is a good indicator that if you sell your home, you will need to price it correctly. If not, your home will stay on the market, and in the end, you will lose money.

Looking at the active list prices, notice that the prices are not dropping. When comparing the active list price to the sales price each month below. Notice that the sales prices are dropping. But the active listing price is increasing. This is a good indicator that sellers are overpricing their homes.

Multiple offers are another factor that drives prices up or can decrease the prices. Of the homes currently pending, 26% have more than one offer. That is down from last month, which had 37% with more than one offer.

Of the homes that sold in October, 46% had more than one offer. Of the homes sold last month, 40% had more than one offer. Last year in October, 63% had more than one offer.

In this type of housing market and time of year, ensuring your home looks great and is priced correctly is essential. There is more competition now for all home sellers. So, look at all the homes for sale that are similar to your home. That is your competition. All the home buyers looking will be going to those homes, including yours.

Marketing is critical as well. It must touch as many home buyers or people thinking about moving as possible.

If you are considering selling, I have made an import do and don’t list for you. This is very helpful when selling a home and can make a difference.

See the Do’s and Don’t here!

August-22
	# Listings	List Price	Sale Price	DOM
Active	136	$749,950	$0	28
Pending	52	$682,000	$0	28
Sold	57	$699,000	$699,000	21
Sold 2021	104	$649,975	$662,500	7
September-22
	# Listings	List Price	Sale Price	DOM
Active	139	$749,900	$0	37
Pending	57	$674,900	$0	19
Sold	45	$659,900	$675,000	24
Sold 2021	92	$635,000	$650,000	8
October-22
	# Listings	List Price	Sale Price	DOM
Active	126	$754,450	$0	39
Pending	42	$717,000	$0	34
Sold	50	$649,450	$642,500	14
Sold 2021	93	$650,000	$655,000	7

Rocklin Housing Market Data for October 2022

Wed, 05 Oct 2022 00:00:00 GMT

Rocklin Housing Market Data for October 2022

Median Housing Market Data

Rocklin home prices are up 👆 4%. This is comparing October home sales this year to October last year. However, Home prices are down 👇 this year (highlighted in blue below).

The housing market has been trending downward for the last several months. Looking at the DOM below (highlighted in green and pink), both the active and sold homes are trending up. A sign of a slowing housing market.

The number of homes sold has declined drastically from last year (red numbers). Homes are still selling for the list price, as the numbers show. Remember, some sold for above, and some sold for below.

In the hot housing market, you could list your home, and it would sell. You just needed the MLS, which is where everyone searches for homes. Now, you will need a strong 💪 marketing plan to sell your home for the most money.

The one driving force that drove home prices up was the multiple offers. Those are down considerably. Last year about 65% of the homes that sold had more than one offer. Today that number is about 40%.

It would also be best to do all the little things to help sell your home. The do's and don’ts are more important today, especially if you want it sold quickly and for the most money.

If you are considering selling, I have made an import do and don’t list for you. This is very helpful when selling a home and can make a difference.

July-22
	# Listings	List Price	Sale Price	DOM
Active	140	$727,000	$0	25
Pending	51	$774,000	$0	18
Sold	53	$749,500	$750,000	12
Sold 2021	113	$638,800	$650,000	6
August-22
	# Listings	List Price	Sale Price	DOM
Active	136	$749,950	$0	28
Pending	52	$682,000	$0	28
Sold	57	$699,000	$699,000	21
Sold 2021	104	$649,975	$662,500	7
September-22
	# Listings	List Price	Sale Price	DOM
Active	139	$749,900	$0	37
Pending	57	$674,900	$0	19
Sold	45	$659,900	$675,000	24
Sold 2021	92	$635,000	$650,000	8